International Business

CLASS 1: INTERNATIONAL BUSNESS

INTERNATIONAL TRADE AND FOREIGN DIRECT IVESTMENT

· APPRECIATE: the magnitude of international trade and how it has grown

· IDENTIFY: the direction of trade, or who trades with whom, and trends in such trade

· OUTLINE: the theories that attempt to explain why certain goods are traded internationally

· EXPLAIN: the size, growth, and direction of foreign direct investment

· EXPLAIN: several theories of foreign direct investment

Need 4 sources

Cite the sources

Need 4 pages

Some key words that may help:

Mercantilism

Absolute advantage

Comparative advantage

Offshoring

Exchange rate

Currency endowment

Overlapping demand

Product differentiation

International product life cycle

Economies of scale

Experience curve

National competitiveness

Portfolio investment

Direct investment

Monopolistic advantage theory

Internalization theory

Dynamic capability

Electric theory of international production